Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    500 S Bliss Avenue Dumas, TX 79029

    View on Map
    Claim this Listing
    For Sale
    $395,000

    COMMERCIAL - Dumas, TX

    Property size:
    3,780 SF
    Price / SF:
    $104/SF
    Added:
    Mar 11, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 29 at 3:06 am

    Property Features for 500 S Bliss Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    116605
    Size
    3,780 SF

    Taxes and HOA fees

    Tax Description
    LOTS 1-6 LOT 6A BLK 59 OT

    Utilities

    Cooling system
    Central Air

    Building Details

    Flooring type
    Carpet

    We can help!

    Listing Contact
    The Real Estate Gals Team

    Listing agent The Real Estate Gals Team

    Listing office Berkshire Hathaway HomeServices Premier Properties 7010 SW 45th Bldg 2, Ste 3, AMARILLO, TX

    Listing date Mar 11, 2026

    MLS# 25-10019

    Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Property in Dumas

    This two-story commercial property offers a blend of retail and functional workspace. It features retail-ready spaces and an attached shop area with large overhead doors, making it suitable for various business uses, including retail, showroom operations, service-based industries, and creative studios. The property includes flexible layouts that can be tailored to different needs, accommodating both expanding businesses and new ventures. The shop/storage area is designed for inventory, production, or equipment needs and provides easy access for deliveries via overhead doors. This property is located in Dumas, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dumas
    County
    Moore
    State
    Texas
    Longitude
    -101.971138
    Latitude
    35.874477

    Nearby Similar for Sale

    • $325,000
      9,199 SF

      High-Visibility Commercial Property in Dumas

      Versatile commercial space in a prime, high-traffic location.
      505 N DUMAS Avenue, Dumas, TX 79029-2417
      View Details
    • $999,999
      7,000 SF

      Family Dollar Investment Opportunity

      Freestanding Family Dollar in Dumas, TX with stable income.
      624 E 1st Street, Dumas, TX 79029
      View Details
    • $298,000
      7,080 SF

      Downtown Dumas Commercial Property

      Commercial property in Downtown Dumas featuring a shop and office.
      823 S Dumas Avenue, Dumas, TX 79029
      View Details
    • $699,500
      3,819 SF

      Turnkey Restaurant in Prime Location

      Fully equipped restaurant space in a high-traffic, prime location.
      1304-1306 S Dumas Avenue, Dumas, TX 79029
      View Details
    • $117,000

      Dumas, TX Land with Shop

      1.47 acre property with 30x40 shop in place.
      10941 PEGGY Lane, Dumas, TX 79029
      View Details
    • $279,000
      1,844 SF

      New Construction Duplex in Dumas

      Under-construction duplex with two 2-bed, 1-bath units. Great investment.
      1509 S Bliss Avenue, Dumas, TX 79029
      View Details
    • $2,396,825
      2,292 SF

      Starbucks in High-Traffic Dumas, TX

      Starbucks in Dumas, TX, rent to commence August 2025.
      1800 S Dumas Ave, Dumas, TX
      View Details
    • $325,000
      3,537 SF

      Dumas Commercial Property For Sale

      Commercial property in Dumas, TX, prime location, 3537 square feet.
      505 N Dumas Avenue, Dumas, TX 79029
      View Details
    • Contact for pricing
      24,555 SF

      Super Inn Motel For Sale

      60-room motel with retail space in Dumas, Texas.
      1821 S Dumas Ave, Dumas, TX
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two-story commercial property with retail and functional workspace.
    Where is this mixed-use property located?
    The property is located at 500 S Bliss Avenue Dumas, TX.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Retail‑ready spaces suitable for showroom operations.; Attached shop area with large overhead doors for easy deliveries and access.; Flexible layouts that can be tailored to fit various business needs.
    (806) 355-9601
    We can help!
    Listing Contact
    The Real Estate Gals Team
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!